{
  "id": 727980,
  "title": "Auto exports set new record, rising 7% in July",
  "url": "https://urgent.news/2026/08/13/auto-exports-set-new-record-rising-7-in-july-727980",
  "topic": "world",
  "section": "World",
  "published": "2026-08-13T03:57:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20260813/auto-exports-set-new-record-rising-7-in-july"
  },
  "original_language": "en",
  "account": "South Korea's automobile exports hit a record high of $6.24 billion in July, marking a 7% increase compared to the same period last year, according to data released by the Ministry of Trade, Industry and Resources on Thursday. The surge was primarily fueled by a strong demand for environmentally friendly vehicles, with eco-friendly autos alone surging 25.5% to $2.59 billion, a significant 25.5% rise from the previous year.\n\nThe growth in exports to North America and the European Union was particularly notable, with shipments to these regions expanding by 18% and 23.5% respectively, reaching a combined total of $3.25 billion and $880 million. Domestically, the country sold 139,000 vehicles last month, which represents a modest 0.5% increase from the year prior. Production of locally manufactured cars increased by 11.3% to 352,000 units.\n\nRemarkably, six out of every ten vehicles sold within South Korea's domestic market were either electric, gasoline hybrid, or other eco-friendly models. The government's strategy to navigate uncertainties in the automobile industry during this pivotal period of transition towards future mobility involves maintaining close communication with the industry.",
  "summary": "Korea's auto exports rose 7 percent in July from a year earlier to a new record high, driven by strong demand for environment-friendly models, data showed Thursday. The combined value of automobile shipments came to $6.24 billion last month, according to data from the Ministry of Trade, Industry and Resources, setting a new record for any July. The ministry said exports of eco-friendly…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Auto exports set new record, rising 7 pct in July",
        "url": "https://urgent.news/2026/08/13/auto-exports-set-new-record-rising-7-pct-in-july",
        "published": "2026-08-13T02:58:55.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Auto exports set new record, rising 7% in July",
        "url": "https://urgent.news/2026/08/13/auto-exports-set-new-record-rising-7-in-july",
        "published": "2026-08-13T03:47:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}